https://www.taxtmi.com/caselaws?id=468396 Additions based on loose sheets and scribblings could not be sustained as unexplained money under section 69A because the entries were not supported by corroborative evidence. The record did not establish that the assessee owned unaccounted cash or any other valuable article not recorded in the books, and several names and transactions in the loose sheets did not match the books or banking trail. In the absence of independent enquiry or reliable proof that the alleged receipts were actually received back by the assessee, the statutory preconditions for section 69A were not met. The additions were therefore deleted. en-us Wed, 25 Feb 2026 00:00:00 +0530 Mon, 04 May 2026 19:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468396 Additions based on loose sheets and scribblings could not be sustained as unexplained money under section 69A because the entries were not supported by corroborative evidence. The record did not establish that the assessee owned unaccounted cash or any other valuable article not recorded in the books, and several names and transactions in the loose sheets did not match the books or banking trail. In the absence of independent enquiry or reliable proof that the alleged receipts were actually received back by the assessee, the statutory preconditions for section 69A were not met. The additions were therefore deleted. Case-Laws Income Tax Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468396